Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, held a re-launch of its Code of Conduct as well as its confidential reporting system, ‘Integrity Line’ on Wednesday 22 March 2023 at the Oasis Hall.

The event was presided by Alba’s Chief Executive Officer Ali Al Baqali and attended by the Executive Management as well as Managers. The revisions to the Code were made primarily to restructure the content and integrate ESG and provide more guidance on topics of special interest.

In his welcome address at the re-launch of the Code of Conduct, Alba’s CEO Ali Al Baqali stated:

“Our actions, words and behaviours do matter irrespective of where we are. When we act with the highest integrity, we live Alba Values and stand with our communities and external stakeholders to ensure that our business practices respect our environment, embrace diversity and inclusion, value employee contribution and adhere to highest standards for business ethics and professional conduct.

Our aim is that our value-chain, suppliers to customers, should be confident that they can always count on Alba from an ethics, governance and compliance perspective.

I also take the opportunity to thank Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa for embracing the Code and for steering us to do the right thing and play by the rules.”

Alba’s updated Code of Conduct will be rolled-out through a Company-wide communication plan and cascaded to all staff as well as contractors’ employees while various types of knowledge resources will also be made available to enable knowledge sharing.

Alba was one of the first companies in the Region to launch its own Code of Conduct and confidential reporting system Integrity Line in 2011. The Company, in 2018, also rolled-out an External Environment and Social Grievance Mechanism in line with the International Finance Corporation’s Performance Standards.

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About Aluminium Bahrain B.S.C. (Alba)

At plus-1.6 million metric tonnes per annum (mtpa) (2022), Alba is the world’s largest aluminium smelter ex-China with more than 50 years of excellence in Operations, Safety, Environment and Socio-Economic Development.

A blue-chip asset of the Kingdom of Bahrain, Alba produces high-quality Aluminium products in the form of Standard and Value-Added Products (VAP)s, which are exported to more than 240 global customers through its sales offices in Europe (Zurich), Asia (Singapore) and subsidiary office in the U.S. Alba is dual listed on Bahrain Bourse and London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investments Company (SIIC) (20.62%) and General Public (10%). Alba holds globally-recognised certifications such as ISO 9001, ISO 14001, ISO 27001, ISO 45001, IATF 16949:2016, ISO 22301:2012 Business Continuity Management System (BCMS) and ASI Performance Standard Certification and Ecovadis Certification.

As the first aluminium smelter in the Middle East, Alba sits at the heart of a thriving aluminium downstream sector in Bahrain, which accounts for approximately 12% of the Kingdom's GDP. As one of the biggest national companies, it has ensured not only the employment of Bahrain nationals (85% in 2022) but also the enhancement of their capabilities through education, training, and development initiatives at every stage of their career.

Alba is recognised as one of the top industrial companies in the world with high standards in Environment practices, Social contribution and Corporate Governance. Launched in February 2022, the Company’s ESG Roadmap outlines 6 priority areas - (1) Decarbonisation, (2) Green Energy & Aluminium, (3) Circular Economy & Secondary Aluminium, (4) Employee Welfare, (5) Collaboration & Partnership and (6) Transparency, Communications & Due Diligence. Since its inception, Alba has invested into numerous environment, sustainable and socio-economic development projects that have had a positive impact on the society. Alba’s first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant, the upcoming 5-7 MW Solar Farm Project and the Power Station 5 Block 4 Project are tangible efforts to meet the goals of the Net Zero Carbon targets by 2060 led by HRH the Crown Prince and Prime Minister of Bahrain. Alba will also play a crucial role in the upcoming Aluminium Downstream Park, which will increase the contribution of non-oil sectors to the GDP of Bahrain.

Alba’s motto ‘Safety First, Safety Always’ has ensured that the Safety and well-being of its employees and contractors’ workforce remain a top priority. The Company broke all previous records in Safety and topped 30 million Safe working-hours without Lost Time Injury (LTI) on 01 September 2022 for the first-time in its history. The Company

has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA Gold Medal Award (9 years in a row) and International Safety Award with Merit from British Safety Council, as well as six major National Safety Council (NSC) USA awards for 2021. Alba has also been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom.

Alba Power Station 5 Block 4 Expansion Project

Alba Power Station 5 (PS5) Block 4 is a Combined Cycle Power Plant that is an expansion of the existing PS5.

PS5 Block 4 Project is the addition of a fourth Block of similar 1:1:1 configuration with J-class gas turbine technology and with minimum nominal ISO rating of a 680.9 MW and includes tie into the existing 220kV Substation. The efficiency of this combined cycle power plant is much higher than the combined cycle power plants of PS3 and PS4. On completion of PS5 Block 4 Expansion Project, the nameplate capacity of PS5 will increase from 1,800 MW to 2,481 MW.

Mitsubishi Power & SEPCOIII consortium will be responsible to design, engineer, procure, construct and commission Block 4. PS5 Block 4 commercial operations are expected to begin in Q4 2024.

For further details, please contact:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
E-mail:   eline.hilal@alba.com.bh
Website: www.albasmelter.com

 

 

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